Diminished Value & Appraisal Clause Help

When your car is involved in an accident, its value will always be diminished. We can help you make sure the insurance company pays you everything they owe you. And if necessary and applicable, we can help you invoke the appraisal clause to contest an insurer’s lowball offer.

Book An Appointment



(970) 732-9292

Overview

Few people realize that they have resources available to help them get everything the insurer owes when paying out on a claim.

Even if a vehicle is repaired to its pre-accident condition, the fact that it has been in an accident can negatively impact its value in the eyes of potential buyers. That’s where Diminished Value comes in. We can help you assess – and recover this amount from the insurer.

The Appraisal Clause

An appraisal clause is a provision in an insurance policy that allows the policyholder and the insurance company to resolve disputes over the value of a loss or damage through an appraisal process. In the collision industry, an appraisal clause is typically used to resolve disputes over the cost of repairs for a vehicle that has been damaged in an accident. The process typically involves the policyholder, the insurance company and an independent appraiser. The appraiser will inspect the vehicle and determine the cost of repairs. If the policyholder and the insurance company cannot agree on the cost of repairs, the appraiser’s determination will be binding. The appraisal clause is a way for the policyholder and the insurance company to resolve disputes over the value of a loss or damage without going to court, which can save time and money for both parties.